Nov 2025

Monthly report · 2025-11-01 – 2025-12-01 · vs Oct 2025

Monthly

Summary

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In Nov 2025, disclosed funding reached €4.6B across 284 rounds, down -44.5% versus Oct 2025.

Deal count moved -18.6% versus Oct 2025, with 798 named investors participating.

UK led by capital with €1.3B (27.2% of disclosed total).

Fintech was the most-funded sector at €1.2B (25.8%).

The ten largest rounds accounted for 50.4% of disclosed capital, led by Capital on Tap's €567M.

62 exits were recorded this month worth a combined €798M.

Disclosed funding

€4.6B

▼ -44.5%

€4,606,198,616

Funding rounds

284

▼ -18.6%

Companies funded

284

▼ -18.6%

Named investors

798

▼ -15.3%

Exits

▼ -4.6%

Leading country

€1.3B

27.2% of total

Leading sector

Fintech

€1.2B

25.8% of total

Provenance: 92% of 284 rounds disclosed an amount · 94% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.08%

Methodology →

Investments

Funding within Nov 2025

by day

Biggest deals

top 10 by amount

Concentration

top 10 deals

50.4%

of disclosed capital came from the ten largest rounds.

Top 10 total

€2.3B

Period total

€4.6B

Countries

Top countries

total euro raised

Capital by country

share of disclosed total

Geographic distribution

European countries shown · click a country

Industries

Top sectors

total euro raised

Capital by sector

share of disclosed total

Stages

Funding by stage

total euro raised by round type

Exits

Exit activity

exits recorded

€798M

combined disclosed value

Exits breakdown

by type

Investors

Most active investors

named, by deal count in period

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